Petrobras says it is not selling assets and denies talks with Mubadala on Braskem

Petrobras says it is not selling assets and denies talks with Mubadala on Braskem

Petrobras said on Tuesday that it is not carrying out any sale of assets in the private market and denied that it is discussing an exchange of shares of the Mataripe refinery in Bahia for shares of Braskem with the Mubadala fund.

The statement comes in response to press reports involving Braskem after Novonor, also a shareholder in the company, said it received a non-binding proposal for control of the petrochemical company.

“Petrobras makes it clear that all actions related to its stake in Braskem require careful analysis from a portfolio management perspective and must be conducted in accordance with applicable governance practices and internal procedures,” Petrobras said.

Source: Terra

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